During the April--November this fiscal, the country's exports have shrunk by 5.95 per cent to USD 189.2 billion.

Sharma chaired the 5th meeting of the Government-Industry Joint Task Force, which takes stock of the developments on the economic front.

Talking to reporters after the meeting, the minister said the industry has conveyed its concerns over issues like cost of credit and rising cost of manufacturing.

"Industry has conveyed its concerns about the cost of credit, weak disbursement of credit, rising cost of manufacturing, transaction cost, raw material availability," he said adding there is an urgent need to remove the bottlenecks.

"What was understood as the priority concerns of the industry or for the economic growth, for the government to take some measures, particularly policy decisions, which we had assured the industry that we were clear about the roadmap and the decisions would be made soon," he added.

On the National Manufacturing Policy, Sharma said he would hold the first meeting of the Manufacturing Industry Promotion Board in the near future to review the state of the manufacturing sector.

He informed the industry that the Green Manufacturing Committee under the chairmanship of Secretary, DIPP has held its first meeting and set out the roadmap for implementation of the relevant components of the policy.

"The Ministry of Environment & Forests has completed the action required at central government level and issued the necessary advisory to the state governments. A similar advisory with respect to labour issues is to be brought out in the near future," the release said.

Further, Sharma said that the ministry is expected to announce measures to revive SEZ policy.

"The department is in the process of finalisation of the revised SEZ policy in consultation with the Ministry of Finance and hoped that before the next Budget, the Ministry will be able to announce the changes," he said.